As well-known global entrepreneur Richard Branson once famously said, “every success story is a tale of constant adaption, revision, and change.” This holds true for any business in today’s disruptive environment, including those in the manufacturing sector struggling to keep pace with their landscape’s constant change, resulting in growing pessimism about future prospects.
According to new data from a National Manufacturers Association (NMA) survey, approximately 2 in 5 leaders—close to 40%—expressed a negative outlook for the year ahead due to various manufacturing challenges, including supply chain disruptions, tariffs, labour shortages, and more.
Despite growing pessimism about manufacturing’s future, a continuous improvement journey, a comprehensive business assessment and leveraging a platform like INCIT’s Prioritise + Marketplace can help leaders and business owners get ahead with not only critical insights but will help them uncover the right-fit diagnostic tools and end solutions.
Building on these findings, the secret sauce to ongoing success post-assessment is operational excellence supported by continuous improvement— a process that champions best practices and innovation, enabling business owners with modern solutions and agile strategies to empower businesses to adapt quickly. Fostering a culture of continuous improvement is key, with Forbes asserting that it can turn businesses into an “innovation engine” but that success in this area “requires balancing optimism with discipline, long-term planning with short-term urgency and structure with freedom.”
While many companies seek to conduct an initial assessment to get a sense of how they are performing against different standards or industry players, this alone is not a magic wand. While a business performance assessment uncovers areas of risk and improvement, entrepreneurs and leaders must do something with their findings. Enter Prioritise+ Marketplace – a post-assessment platform that can address all your business needs in one place.
Why Prioritise+ Marketplace?
According to McKinsey and Co.’s report on corporate resilience, these tumultuous times require leaders to doggedly pursue the advantages of transformation while also managing the downside, going beyond reducing costs or adjusting the core business to “reinvent” the whole organisation. Additionally, the study highlights that business transformations that think big, act on several levels, and more, plus assess their organisation, could deliver 4.5 times the value.
While many market challenges are outside a manufacturer’s control, what lies firmly within a leader’s grasp is running a tight operational ship and identifying and closing internal performance gaps based on where businesses are and where they need to be. According to Harvard Business School Professor Mike Tushman, “A gap occurs when there’s a difference between your strategy and your actual results” but by properly assessing these gaps, businesses can streamline processes, meet goals, and overcome organisational barriers. Professor Mike Tushman, “A gap occurs when there’s a difference between your strategy and your actual results” but by properly assessing these gaps, businesses can streamline processes, meet goals, and overcome organisational barriers.
INCIT’s assessments like Smart Industry Readiness Index (SIRI), Consumer Sustainability Industry Readiness Index (COSIRI) and Operational Excellence Readiness Index (OPERI) act like a health check for your manufacturing business. While Prioritise + Marketplace, can be likened to the prescription that comes after, empowering manufacturing leaders with tailored solutions and innovative tools to treat those issues and improve your business’s overall health. Together, they provide a transparent diagnosis and an action plan for lasting improvement.
What is Prioritise+ Marketplace and how does it work?
INCIT’s cutting-edge matchmaking platform Prioritise+ Marketplace enables reinvention and supports leaders to bridge gaps uncovered during their assessment, empowering them to affect real business-wide change with solutions provided by our network of innovative startups. More than acting as a connector, Prioritise + Marketplace is a collaborative ecosystem, bridging gaps with solutions, uncovering a direct path toward transformation and enabling leaders to locate innovative solutions to address their organisation’s specific challenges.
This dynamic marketplace can be used by manufacturers who want deeper analysis into their specific problem areas. It can also support them as they discover end solutions that can address identified improvement areas, turning potential into actionable results.
Prioritise + Marketplace opens the door to a new, improved future and impeccably pairs industry needs with startup ingenuity, unlocking the acceleration of problem-solving and transformational innovation for businesses worldwide.
Who should use Prioritise + Marketplace?
Prioritise + Marketplace can act as a flashlight in the manufacturing industry’s continuous storm of information and noise. Newly assessed companies, providers and assessors will benefit from this dynamic ecosystem, enabling stakeholder collaboration. Below, we outline the benefits based on each interested party.
Manufacturing companies who are transformation-ready
Manufacturing companies that have undergone INCIT’s prioritisation index assessments will have pinpointed areas of improvement. Now that they are transformation-ready, Prioritise + Marketplace will support manufacturers as they action items from their learnings.
This dynamic platform functions as a one-stop shop, featuring a range of innovative providers who can tailor their solutions to each business and offer deeper diagnostic tools and/or end solutions to address these identified gaps. Prioritise+ Marketplace can support manufacturers in streamlining their industrial transformation by connecting manufacturers with the perfect-fit providers.
Startups and companies providing solutions
Providers that join Prioritise + Marketplace unlock new potential revenue streams by enabling them to display their expertise and connect with potential clients. Manufacturing companies can easily filter and review possible right-fit businesses, bringing the solutions to them. Providers will offer advanced diagnostic tools to evaluate and analyse the industrial status of manufacturing companies, matching up seamlessly with INCIT’s COSIRI, SIRI and OPERI. Clients can discover and engage with them directly, making it easy for manufacturing companies to find the ideal fit for their industrial transformation journey.
Certified assessors ready to take their role to the next level
Certified assessors can eliminate any ambiguity for manufacturing companies during the after-assessment journey. They can also showcase their value proposition by offering clients comprehensive guidance through a hands-on and educational approach. Acting as transformation consultants, they will provide expert recommendations and guide you to the appropriate resources, empowering manufacturers to enhance their operations and accelerate their industrial transformation.
Moving forward with Prioritise+: start your industrial evolution today
Manufacturers face unprecedented pressures to remain competitive, and identifying and addressing operational gaps or vulnerabilities must be a top priority in order to evolve, grow, identify, and seize opportunities. Business owners that promote continuous improvement in tandem with leveraging Priortise + Marketplace ensure you stay at the forefront of the latest insights and advancements, seamlessly integrating them into your continuous improvement strategy.
With this dynamic approach, business owners are empowered to keep striving for high performance and operational excellence, keeping your business agile and competitive. Prioritise + Marketplace provides more than just tailored solutions but presents manufacturers with the tools, knowledge and solutions to overcome obstacles to success.
Prioritise + Marketplace saves you time and effort by offering a centralised, hassle-free way to find the right partners and supports every stage of transformation, from diagnosis to implementation. Our dynamic platform can help manufacturers address identified gaps and improve processes, ensuring their business is on a clear path toward efficiency, sustainability, and lasting success.
To learn more about Prioritise + Marketplace, contact us or learn how to kickstart your transformation journey, today.
